You are given the following preclosing trial balance for Smithville College. They ask you to prepare a Statement of Activities in good form.
Smithville College Preclosing Trial Balance June 30, 2017
	Debit	Credit
Cash	2,000
Tuition and Fees Receivable	5,000
Allowance for doubtful accounts		500
Pledges receivable	2,500
Investments	30,000
Property Plant and Equipment	60,000
Accumulated depreciation		20,000
Accounts payable		6,000
Unearned revenue		1,000
Net assets - unrestricted		5,000
Net assets - temporarily restricted		6,000
Net assets - permanently restricted		25,000
Net assets released from restrictions - temporarily restricted	2,000
Net assets released from restrictions - unrestricted		2,000
Tuition and Fees		40,000
Tuition and Fees - discount and allowances	3,000
Contributions - unrestricted		15,000
Contributions - temporarily restricted		10,000
Contributions - permanently restricted		5,000
Revenues - state appropriations		30,000
Grants and contracts - temporarily restricted		5,000
Investment earnings - unrestricted		1,000
Investment earnings - temporarily restricted		2,000
Auxiliary sales		5,000
Instruction expense	40,000
Research expense	20,000
Academic support expense	9,000
Auxiliary enterprise expense	5,000
totals	178,500	178,500